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Strategies & Market Trends : The Residential Real Estate Crash Index -- Ignore unavailable to you. Want to Upgrade?

To: Smiling Bob who wrote (259009)	7/7/2010 2:22:04 PM
From: CalculatedRisk	Read Replies (1) \| Respond to of 306849

I think prices will fall further, but just not 50%. That seems very unlikely.

To: Smiling Bob who wrote (259009)	7/7/2010 3:49:28 PM
From: Pogeu Mahone	Respond to of 306849

Add in boomers downsizing.

To: Smiling Bob who wrote (259009)	7/21/2010 12:37:00 AM
From: morokko65	Read Replies (2) \| Respond to of 306849

I think we go back to 1996 levels for most RE markets, we've already corrected to 2002 levels here in many areas of Northern CA. 1996 is when I started seeing garbage securitizations, major remodel overimprovements and ratings agency cocktail parties with juiced statistics. I think we have 2 booms to correct, and we've only seen one so far. Maybe we don't se another 50%, but it will be at least another 20% I know a lot of retirement age folks who rode out the 2008-2009 declines by spending assets. Now their cushion is thinner due to both stock market declines and raiding their nest egg. thanks for all your insights over the years here, Marc